On Tuesday, Israel's finance ministry announced that it would work with large accounting firms and the heads of major accounting firms to create an encrypted currency working group. It was decided at a meeting sponsored by Moshe Kahlon, the finance minister. They acknowledge that Israel has yet to deal with the issue of digital money. Moshe Hogeg, the entrepreneur who has been pushing the project, met finance minister last month, hoping to bring new progress to the blockchain and cryptocurrency.
Today, Hogeg told news.Bitcoin.com: "the commission will begin their actions and we will see the results in the next six months."
Is it even possible to control something decentrelized and fully anomymous? Sure, government can make it illegal. But without regular searches they have no possibilitiy to recognize the person who is breaking their law. And if it will become fully illegal everywhere then crypto users can just refuse fiat money and use crypto to pay. And if government want to ban crypto then they will have to cut off the Internet in their country. I mean how can they control it if they will never know who is using it and who is keeping in?